sorry if this isn't news to the group......found this in another:
HANGZHOU, China -- Ford Motor Co. has named Zhejiang Geely Holding Group
Co. Ltd., a privately-owned Chinese automotive company, as the preferred
bidder for Volvo Car Corp.
Geely, having built one of the fastest-growing automotive car companies
in China, will now embark on further detailed discussions with Ford,
paving the way for a potential acquisition of Volvo that will ensure
management independence at the famous Swedish brand.
The announcement follows extensive talks between Geely and Ford. Under
the proposed transaction, supported by Chinese banks, Volvo's existing
production and R&D facilities, union agreements and dealer networks
would be maintained, while Geely would enhance Volvo's access to sales
networks and sourcing opportunities in the important Chinese market.
The strategy would be led by an independent Volvo management,
headquartered in Gothenburg, Sweden.
link for balance http://tinyurl.com/ygpgtuf
I fear to comment because I once noted here that the Ford Fusion was
really a Mazda 6.....and was told that Ford had designed the Mazda.
BUT......with so many (of their best) products based on the Volvo
platform, hate to see Ford divest it.........so go ahead, tell me that
Ford really designs all the Volvos........however, the tranny & AWD of
my Five Hundred are covered with Volvo/made in Sweden markings....so I
hope I can still get Volvomatic fluid.
Have had real Volvos as well and really enjoyed them........""ensure
management independence"?........"sourcing opportunities in the
important Chinese market"? Yikes.